SPDR Gold Trust: GLD To Remain in Demand Medium to Long Term

Rather than easing, expansionary monetary policies are actually accelerating worldwide. This is destroying the value of money; leaving GLD as the only dependable store of wealth in the long term.

Analysts in Commerzbank, Germany, see gold becoming stronger in the medium to long term as a result of extension of the ECB easing program. The same analysis report indicates that India is experiencing very high GLD demand levels.

Renowned gold analyst Julian Phillips, on Mineweb, said that many people throughout the world will run to buy gold in the long term for a number of fundamental reasons including the fact that is worth more money during bad economic times. He added that GLD is always liquid even in the bad times. It is also easily exchangeable throughout the world unlike other products.

In his analysis, Julian Phillips quotes Rand "Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values". 

He concludes that he who ignores history is doomed to repeat it.

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SPDR Gold Trust: Bullish Bets Rebound At Fastest Pace In Four Years' Commodities

For the first time in a period of four years, many investors are actually boosting wagers on the higher commodity prices. The bullish GLD wagers actually fell by 14% to 60,126 options and futures in the close of last week. On the other hand, those of SLV fell by 77% to 632 contracts.

Bank of America Merrill Lynch analyst, Michael Widmer, says that GLD will average at $1,670 at the end of this year. He added that it is because the business is in the recovery stage that many investors are shying away from increasing their bullion holdings.

At the Comex in New York, the GLD futures for the month of June rose of 0.3%. Later on, they closed at $1,600.90 at the end of last week. Meanwhile, the holdings for exchange traded products remained stable at $2,449.84 metric tons.

When the recovery stage paves way for the boom, you can be sure that Price of GLD will go past $1,800.

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